Capitalism, corporations and the social contract: a critique of stakeholder theory
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Bibliographische Detailangaben
1. Verfasser: Mansell, Samuel F. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge Cambridge University Press 2013
Schriftenreihe:Business, value creation, and society
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Online-Zugang:TUM01
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Beschreibung:"In whose interests should a corporation be run? Over the last thirty years the field of 'stakeholder theory' has proposed a distinctive answer: a corporation should be run in the interests of all its primary stakeholders - including employees, customers, suppliers and financiers - without contradicting the ethical principles on which capitalism stands. This book offers a critique of this central claim. It argues that by applying the political concept of a 'social contract' to the corporation, stakeholder theory in fact undermines the principles on which a market economy is based. The argument builds upon an extensive review of the stakeholder literature and an analysis of its philosophical foundations, particularly concerning the social contract tradition of John Rawls and his predecessors. The book concludes by offering a qualified version of Milton Friedman's shareholder theory as a more justifiable account of the purpose of a corporation"-- Provided by publisher.
Foreword; Acknowledgements; 1 Introduction; Competing perspectives on corporate responsibility; Contrasting stakeholder and shareholder theories; Stakeholder theory and corporate social responsibility in a market economy; A critique of stakeholder theory: the methodology; A critique of stakeholder theory: the structure; 2 An introduction to stakeholder theory; The etymology of 'stake' and 'stakeholder'; Stakeholder theory in organisations; Ethics and strategy; Normative arguments for stakeholder theory; Conclusion; 3 The philosophy of stakeholder theory; Social contract theory
John Rawls and social contract theoryFairness and distributive justice; Conclusion; 4 The corporation as a private association in a market economy; An analysis of the concept of trade; The ethical principles of a market economy; The corporate objective in a market economy; Conclusion; 5 The corporation as a sovereign power in a market economy; Stakeholder theory and the corporation as a commercial entity; Stakeholder theory and the corporation as a 'social contract'; Conclusion; 6 Shareholder theory and its limitations; The separation of ownership and control
The consequentialist critique of stakeholder theoryThe deontological defence of shareholder theory; The limits of contractual duties; Ethical discretion in company law; Conclusion; 7 Conclusion; References; Index
Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory
Includes bibliographical references and index
Beschreibung:1 Online-Ressource (xi, 185 p.)
ISBN:1139612190
1139625217
9781139612197
9781139625210

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